Hillenbrand Inc (HI)

Fixed asset turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	2,943,600	2,826,000	2,667,100	2,530,300	2,405,100	2,315,300	1,842,900	1,958,200	2,114,800	2,241,400	2,803,600	2,716,000	2,642,600	2,517,000	2,309,100	2,148,200	1,963,900	1,807,300	1,796,200	1,795,600
Property, plant and equipment	US$ in thousands	334,600	320,700	296,400	295,200	285,200	231,900	280,900	281,300	287,900	295,100	294,400	296,400	307,600	314,200	331,600	348,700	398,100	129,400	136,600	137,600
Fixed asset turnover		8.80	8.81	9.00	8.57	8.43	9.98	6.56	6.96	7.35	7.60	9.52	9.16	8.59	8.01	6.96	6.16	4.93	13.97	13.15	13.05

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,943,600K ÷ $334,600K
= 8.80

The fixed asset turnover ratio of Hillenbrand Inc has displayed consistency over the past eight quarters. The ratio has ranged from 8.80 to 10.49, indicating that the company generates between $8.80 and $10.49 in sales for every dollar invested in fixed assets. This suggests that Hillenbrand is efficiently utilizing its fixed assets to generate revenue. The slight fluctuations in the ratio may be attributed to changes in sales and fixed asset investments, but overall, the trend demonstrates a stable and effective utilization of fixed assets to drive revenue generation.

Peer comparison

Dec 31, 2023

Company name

Symbol

Fixed asset turnover

Hillenbrand Inc

8.80